[Form 4] POWELL INDUSTRIES INC Insider Trading Activity

Rhea-AI Filing Summary

Michael W. Metcalf, Executive Vice President of Powell Industries, reported two transactions affecting his beneficial ownership. On 09/30/2025 he disposed of 3,000 shares of Powell Industries common stock at an average price of $301.28 per share (the average of the high and low on that date). On 10/01/2025 he acquired 600 shares at an average price of $287.18 per share (average closing price for September 2025). Following these transactions he beneficially owned 23,300 shares, which include shares subject to time-based vesting provisions. The Form 4 was filed by one reporting person and is signed by Michael W. Metcalf.

Positive

• Insider purchase reported: Michael W. Metcalf acquired 600 shares on 10/01/2025 at an average price of $287.18.
• Retained meaningful position: Reporting person continues to beneficially own 23,300 shares, including time‑vested shares.
• Clear pricing methodology: Form explains how transaction prices were calculated (average of high/low and average closing price).

Negative

• Insider sale reported: Michael W. Metcalf disposed of 3,000 shares on 09/30/2025 at an average price of $301.28.
• Net decrease in holdings: Overall reported holdings declined by 2,400 shares after the two transactions.

Insights

Financial Analyst

TL;DR: Insider executed a modest sale and a subsequent smaller purchase, leaving overall beneficial ownership largely intact.

The reporting shows a 3,000-share sale at an average intraday price of $301.28 followed by a 600-share open-market purchase at an average $287.18. These are outright common stock transactions, not derivative exercises. The net change is a decrease of 2,400 shares in reported holdings, with 23,300 shares retained after the transactions. For investors, this pattern is informational but not clearly material on its own because the filing does not provide context on total outstanding shares or percentage ownership.

Corporate Governance Expert

TL;DR: Disclosure is timely and complete for Section 16 reporting; transactions include vested and time‑vested shares.

The Form 4 identifies the reporting person as an Executive Vice President and indicates that part of the retained position includes shares with time-based vesting provisions. The form lists transaction codes and price methodologies for both transactions and includes explanatory remarks, which supports compliance and transparency. No amendments or joint filings are indicated.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

METCALF MICHAEL WILLIAM

(Last) (First) (Middle)

8550 MOSLEY ROAD

(Street)

HOUSTON TX 77075

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
POWELL INDUSTRIES INC [ POWL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Exec Vice President

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/30/2025	09/30/2025	F		3,000	D	$301.28(1)	22,700(2)	D
Common Stock	10/01/2025	10/01/2025	A		600	A	$287.18(3)	23,300(2)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the average of the high and low stock price on 09/30/2025.

2. Includes shares that have a time-based vesting provision.

3. Represents the average closing stock price from September 1, 2025 - September 30, 2025.

Remarks:

	Michael W. Metcalf	10/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What trades did Michael W. Metcalf report for POWL?

He reported a sale of 3,000 shares on 09/30/2025 at an average price of $301.28 and an acquisition of 600 shares on 10/01/2025 at an average price of $287.18.

How many Powell Industries shares does Michael W. Metcalf beneficially own after the transactions?

Following the reported transactions he beneficially owned 23,300 shares, which include shares subject to time‑based vesting provisions.

What is Michael W. Metcalf's role at Powell Industries according to the Form 4?

The Form 4 lists Michael W. Metcalf as an Executive Vice President and indicates the filing was made by one reporting person.

How were the reported prices on the Form 4 determined?

The Form states the $301.28 price is the average of the high and low on 09/30/2025 and the $287.18 price is the average closing price for September 2025.

Was the Form 4 filed jointly or individually?

The filing indicates it was made by one reporting person (individual filing).